top of page


Updated: Jul 14, 2022

When you are getting a home loan, you are required to have an MRI. An MRI is a form of protection for all parties, which means you, your developer and financing provider, in case of the buyer’s death.

This way, the life insurance covers the buyer’s mortgage in terms of the insured’s death. If the buyer has an existing life insurance, the financing provider could opt to assign that insurance as the MRI.

Want to know more about real estate?

1 view0 comments

Recent Posts

See All


bottom of page